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Show I' "i vluctuatioiis Arc Narrow and ' Irregular, hut .Still Quite Influential, j, (.'HJEF FACTOR OF WKRK j IS REPORTS ON CROPS i ' Rumors of Lower Prices in Steel and Reduction of i Copper Output. Is'EW YORK. Augr. 7. Tho .subsldcnco of tho disturbance Unit stirred the se-.1 se-.1 I i'lirltifis market before which was rc-j rc-j llcoted In Iho last wcok in tho volume of transactions and tho narrowing: and Irregular fluctuations of prices. Those 1 fluctuations were due largely lo opcm-, opcm-, tlons by professional traders and their . , limitations reflected the imccrlnlnty of ( the speculative temper and tho falluro Of tho tentative operations to dovclop . actual HCllIni; or buying of importance. ' Occasionally thorc was an appearance of ' a ronowrU of forced liquidation and this j was accompanied by rcportu of dlstrens , of large capitalists involved in unwieldy market holding's and their roliet by tnic-ing tnic-ing over of thoso holdings by banning ' interests. The completion of such measures I brought periods of relief to the market and kept expectation alive that the curative cura-tive process was completed and the way ' opened to substantial recovery. 'I There was a dread that holdings thus takun over to avoid sacritlccs might como back on the market as favorablu oppor-' oppor-' tunity offered, thus serving to obstruct 'i 1 a movement toward recovery. Of tho large influences the progress of tho crops has most effect on stocks at j presisnt. Government report on the .July . i 23 condition of cotton had to be digested i I, as a prediction of scanty supplies for j tin: world's coming requirements, but the J bellerment In the prospect since, the . date of the. report by the favorable ; ' weather was an aid to progress. Ji The progress of the wheat harvest ( brought reports of a satisfactory showing ; fcoth as to quality and yield. JIopos for 1 tho corn crop were distinctly brighter. ') but weio tempered by tho critical period j) for that crop yet to bo met. tfj The conditions or tin great basic in-' in-' rfustrics were idled on chiefly as an in . ' tfox of the industrial outlow:, news of ( srneral conditions being too vajjue ami confused to be a reliable gutcc. There wore reports of price cutting In steel products, dull demand ana a move-t move-t merit toward further curtailment of oui-; oui-; put. The reports of reduction of copper cop-per production had some effect on the demand of the metal and on the market for copper securities. The reserve shown by western bankers bank-ers being loaned to carry wheat Is cans-Jus cans-Jus the rapid movement of that grain to market and is building tip the balance of the Interior banks with the reserve depositories. |